I · The mechanic
A fixed amount flows every second and is divided between the seats. The pie does not grow. It only gets cut more ways.
With 8 seats of equal size, each takes 12.50% of the same fixed daily flow.
Drag it. The disc never grows — it only gets cut more ways. That is why the first to sit hold the most: a latecomer splits the flow from the moment they arrive, and can never reach the fat slices already harvested before them.
You take a seat by staking QORUM in the Assembly. That act is what puts you in the denominator. Splitting an emission across every holder would change nothing at all — everybody would keep exactly the same fraction of the same total. Here the denominator is the people who actually sat down.
One part of the table is one wei of Apple, Nvidia, S&P 500 and Tesla — the tokenized equities held in the reserve, equal weight by count. No reward token is minted to fake a yield. When you claim, four real assets move.
Sitting down gives you a seat number, kept for good even if you stand up and come back. You can leave at any time, in part or entirely: unseating returns your QORUM and settles what you are owed first. No lock, no notice, no cliff.
convene() from the reserve as measured, then never revised by
anyone — including whoever deployed it. How that happens.
collect() is permissionless and has exactly one address written into it: the
Assembly. No operator share, no dev share, no destination argument.